Information about Used Saab Cars
Saab Automobile AB[4][5] /ˈsɑːb/ is a Swedish car manufacturer.
It was formed in 1945 out of Saab AB, "Svenska Aeroplan AB (aktiebolaget)" (English: Swedish Aeroplane Limited), a Swedish aerospace and defence company, when Saab AB started a project to design a small automobile. The Saab 92, Saab's first production model, was launched in 1949. The parent company merged with Scania-Vabis in 1968, and ten years later, in 1978, launched the Saab 900, Saab's best-selling model. In the mid-1980s, the new Saab 9000 was launched and in 1989, the Saab car division of Saab-Scania was restructured into an independent company, Saab Automobile AB; General Motors (GM), with an investment of US$600 million, owned 50%. GM exercised its option to acquire the remaining Saab shares in 2000, spending US$125 million to turn the company into a wholly owned subsidiary. GM sold it to the Dutch automobile manufacturer Spyker Cars N.V. in 2010.[6] Saab 900
After struggling to avoid insolvency throughout 2011, the company petitioned the Swedish court for bankruptcy following the failure of a Chinese consortium to complete a purchase of the company; the purchase had been blocked by former owner GM, which opposed the transfer of technology and production rights to a Chinese company.[7] On June 13, 2012 it was announced that the National Electric Vehicle Sweden had bought Saab Automobile's bankruptcy estate.[8]
Saab is the exclusive automobile Royal Warrant holder as appointed by the King of Sweden.
